As the Chinese Yuan extends the sell-off versus its American counterpart, traders are reporting about the intervention by the state-owned banks. Major state-owned Chinese banks are seen selling dollars in Yuan market at around 6.81 Yuan/ US dollar to stem the Yuan declines. The USD/CNY pair rallied hard to print fresh one-year highs at 6.8117 before reversing sharply to 6.7930 levels, where it now wavers. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Review: risk reversals hit 20-day low on put demand FX Street 5 years As the Chinese Yuan extends the sell-off versus its American counterpart, traders are reporting about the intervention by the state-owned banks. Major state-owned Chinese banks are seen selling dollars in Yuan market at around 6.81 Yuan/ US dollar to stem the Yuan declines. The USD/CNY pair rallied hard to print fresh one-year highs at 6.8117 before reversing sharply to 6.7930 levels, where it now wavers. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
